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Chemical Week Magazine :: Cover Story

Industrial Gases

Growth Back on Track

8:51 AM MST | February 25, 2011 | —nancy seewald

Industrial gases profits rebounded strongly in 2010 after a relatively weak 2009. “The first half of 2010 was about stabilization, then toward the end of the year we started to see some recovery in the U.S. and Europe,” says Praxair chairman and CEO Steve Angel. Growth in the U.S. and Europe this year is expected to be in the low single digits, Angel says. It is a different story in emerging regions—namely Mexico, Brazil, China, and India—where gases producers say growth rates are much higher and in some cases never got hit by the...

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